Property Overview: 563 Sherburn Street, Winnipeg

Key Characteristics & Appeal

This home on Sherburn Street in the Minto neighbourhood presents a distinct profile. Built in 1913, it is a character property with a generous 1,496 sqft of living space, which is notably larger than most homes on its street and in the wider area. This above-average interior size is its primary standout feature, offering more room than many comparable properties. The lot size of 2,828 sqft is fairly typical for the local area.

The appeal here is one of practical value and potential. The most recent sold price range (2024) and its assessed value are significantly below the Winnipeg city-wide average, suggesting an accessible entry point into the market. This combination of lower price point and larger interior space creates an interesting value proposition. It would likely suit a practical buyer—perhaps a handy homeowner or an investor—who is less concerned with a newer build or a large yard and is more focused on securing spacious interiors at a competitive cost. The property’s age indicates potential for updates, which could appeal to those looking to add value over time.

Frequently Asked Questions

1. Why is the assessed value so much lower than the city-wide average?
Assessed values are based on a municipal formula that considers factors like location, age, size, and recent sales in the area. This home’s age (1913) and its location in Minto, combined with the lower average values in its immediate vicinity, result in an assessment that is below the average for the entire city of Winnipeg.

2. The home sold recently in 2024. What does that price range indicate?
The sold price range of CA$250k–300k places it in the top third of sales for its street and neighbourhood at that time, but still in the lower third compared to the entire city. This suggests it was priced competitively within its local market, reflecting its specific characteristics like age and lot size, while its larger living area likely supported its value within that range.

3. What should I consider about a home built in 1913?
A home of this age will have character but may require more attention to maintenance, updates to older systems (like plumbing or electrical), and insulation. It’s wise to budget for potential renovations and to ensure a thorough inspection is conducted to understand the condition of the structure and major components.

4. How does the lot size compare, and what does that mean for me?
At 2,828 sqft, the lot is slightly below average for Sherburn Street and significantly smaller than the Winnipeg average. This means smaller outdoor maintenance and less private yard space, but it also often translates to a lower property tax burden and can be a reasonable trade-off for the larger indoor living area.

5. How can I find out the exact sold price from 2024?
The exact sale price is not publicly displayed due to data source restrictions. You can request it by email through the listing page. The service provider commits to sending the accurate price manually, typically by the end of the same day, without using your email for unsolicited marketing.